Yang Fugui and Du Xingzhi exchanged a glance and sighed in unison.
"Has something happened to the Hong Kong stock market?" Chen Dong noticed their unnatural expressions.
Du Xingzhi then put down his suitcase and said slowly, "International hedge funds are frantically dumping Hong Kong dollars on the New York Stock Exchange, the London Stock Exchange, and major stock markets in Southeast Asia."
Upon hearing this, Chen Dong quickly understood the scheme: "Soros is trying to throw out bait to lure international speculators into selling their holdings, and then use commercial banks, securities institutions, and other institutions to collect Hong Kong dollars through dispersed accounts."
"They just want to consume the surplus Hong Kong dollars around the world and put the chips in their own hands."
"When they short the Hong Kong stock index, they will also use the same method to sell Hong Kong dollars in the Hong Kong stock market. But at that time, neither the Financial Secretary nor the Hong Kong Monetary Authority, nor the mainland will be able to buy Hong Kong dollars from other exchanges."
"Because they have already accumulated enough Hong Kong dollar chips."
The amount of Hong Kong dollars circulating in the world is limited. The Soros Group first depleted the Hong Kong dollars in the world market, and then they could catch the fish in a barrel.
One of the reasons they failed in their first attempt to seize Hong Kong dollars was that international hedge funds and the Hong Kong Monetary Authority were competing with each other in the global market to grab Hong Kong dollars.
So this time Soros learned his lesson and first depleted the global market before focusing his efforts on depleting the Hong Kong market.
Du Xingzhi gritted his teeth, "We understand the logic, but all their trading methods are legal and compliant right now, and the authorities can't intervene."
"So we have no choice but to ask Longteng for help." Du Xingzhi looked at Chen Dong, his eyes filled with eager expectation.
Chen Dong put the clean bowls into the basin, silently poured in a basin of water, and continued washing the bowls.
Yang Fugui, growing impatient, immediately started washing him, asking as he did so, "Now that Soros has made his move, when will Longteng enter the fray?"
Chen Dong tilted his head. "When did Soros make his move?"
"I mean...did he make a move against Hong Kong?"
Yang Fugui pursed his lips, "No, but he has secretly bought a lot of heavyweight stocks. Once he takes action, it will cause a huge shock to the stock market."
“Currently, a considerable number of international speculators are shorting the Russian futures market. Once the Russian futures market is shorted, the country’s government will face difficulties in repaying its national debt.”
"I'm just afraid that if Russia can't hold on, another economic crisis will break out in both Asia and Europe."
......
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